WOER(SZ:002130) Zheng Quan Ri Bao·2025-06-30 16:29Industry Overview - The high-speed copper cable sector has seen significant stock price increases, with the index rising by 7.86% from June 23 to June 30 [1] - High-speed copper cables are characterized by low cost, high transmission speed, low energy consumption, and strong substitutability, primarily used for short-distance interconnects in data centers [1] - The high-speed copper cable market is projected to exceed 10 billion yuan in 2025 and 20 billion yuan by 2028, with global AEC sales expected to grow at a compound annual growth rate of 45% from 2024 to 2028 [2] Product Segmentation - High-speed copper cables can be categorized into three types: passive copper cables (DAC), active copper cables (ACC), and active electrical cables (AEC), with AEC offering longer transmission distances and improved signal quality [1][2] - Active cables are expected to see increased market share due to their advantages in transmission distance, thickness, and latency, aligning with the needs of AI clusters [2] Company Insights - Shenzhen Walden Materials Co., Ltd. is experiencing increased demand for its products due to the rapid growth of AI and data center construction, benefiting the entire supply chain [3] - Suzhou Ruikeda Connection Systems Co., Ltd. is focusing on expanding into AI data centers while continuing to serve the automotive and communication sectors, driven by steady demand growth in the connector industry [3]